• A surging US dollar could send shockwaves from Argentina into other emerging markets

    9 monthes ago - By Business Insider

    Argentina is spiraling into a crisis, with a sinking currency and potential bailout from the IMF.
    Some fear that other emerging markets could follow, with the dollar rally adding further pressure.
    Brazil is the most vulnerable.
    Months after Buenos Aires defaulted on the largest amount of debt in history in 2001, Brazil's economy took a turn for the worst. As Argentina finds itself in a similar economic storm , some fear financial contagion could spill over into emerging markets once again.
    The Argentine peso has shed more than 30% versus the dollar this year, prompting the country to hike...
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